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Important: missing 1099 from defunct exchange

I publish illustrative scenarios prepared by my practice. All participants and conversations are fictional. The fictional posts are not posts by real users, accounts of client experiences, or reports of actual results.

Illustrative scenario prepared by my practice.

For informational purposes only. This is not legal advice. Laws vary by jurisdiction. Consult a qualified attorney for advice specific to your situation.

Hypothetical question

I'm dealing with a situation and need some guidance.

missing 1099 from defunct exchange. I've been dealing with this for about 12 months now and the situation isn't improving.

I have already consulted briefly with a lawyer but the other party is not cooperating.

What are the risks if I pursue this? What's the likely timeline?

Illustrative response

Tbh have you tried reaching out to your state's labor board? They sometimes have free resources or mediation services.

Illustrative response

Has anyone tried [reaching out to their legal department directly]?

Illustrative response

Make sure you're tracking cost basis correctly. That's where most people mess up with yield farming.

Important: missing 1099 from defunct exchange

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